National Bank of Ethiopia Grants Licenses to Five Non-Bank Foreign Exchange Offices
Addis Ababa, September 30, 2024 — The National Bank of Ethiopia (NBE) has officially granted operating licenses to five independent, non-bank foreign exchange bureaus....
Dr. Emebet Melese Takes Charge as President of the Ethiopian Development Bank
Dr. Emebet Melese was appointed as the President of the Ethiopian Development Bank.It has been reported that Dr. Emebet Melese, who was recently appointed...
IMF and Ethiopia Reach Preliminary Agreement on $3.4 Billion Extended Credit Facility
Addis Ababa, Ethiopia – It was announced today that the International Monetary Fund (IMF) and the Ethiopian government have reached a preliminary agreement...
Unlocking Ethiopia’s Gemstone Potential: Haimanot Sisay’s Journey as the First Gemstone School Founder
Haimanot Sisay's journey from studying computer science to becoming a pioneering gemologist in Ethiopia is a compelling tale of passion, perseverance, and the transformative...
Ethiopia’s Government Considers Berbera Port for Fuel Imports as Djibouti Depot Faces Capacity Declines
The Ethiopian government is awaiting a decision regarding the importation of fuel through Berbera Port in Somaliland, a move prompted by ongoing issues with...
Zemen Bank Mobilizes Over $500 Million in Foreign Currency During 2023/24 Fiscal Year
Zemen Bank has announced that it successfully mobilized over $500 million in foreign currency during the 2023/24 fiscal year. The bank reported a total...
